We Lost Over $300,000 Day Trading!!

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  • Опубліковано 10 лют 2020
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КОМЕНТАРІ • 3 тис.

  • @TheRamseyShow
    @TheRamseyShow  4 роки тому +53

    Get life-changing financial advice anytime, anywhere. Subscribe today: ua-cam.com/users/TheDaveRamseyShow

    • @cliffordlevy3918
      @cliffordlevy3918 4 роки тому +1

      @@theonetrueking2685 Ennegram is awesome.

    • @deficator750
      @deficator750 4 роки тому

      Every trader is always talking about money they lost, yet ive never heard of a wealthy day trader every rich person is self made.

    • @enlightenedapple
      @enlightenedapple 4 роки тому

      I could tell she’s stupid right away and then I was sure bc she can’t listen.

    • @SamuelSylvester
      @SamuelSylvester 3 роки тому

      Dave, I love your show but please don't use Christ's name in vain.

    • @dailyfuturetrades4998
      @dailyfuturetrades4998 3 роки тому

      Experience definitely needed before you start risking in this craft.

  • @evilzzzability
    @evilzzzability 4 роки тому +4120

    They didn’t lose money; they supplied liquidity to the market.

    • @AlexDan99
      @AlexDan99 4 роки тому +71

      Loool...

    • @Shteca
      @Shteca 4 роки тому +52

      Need to save this one!

    • @TheForresterOD
      @TheForresterOD 4 роки тому +11

      🤣

    • @dow70k45
      @dow70k45 4 роки тому +9

      🤣🤣🤣

    • @aeromedical6750
      @aeromedical6750 4 роки тому +41

      ENRON: “We didn’t lock our employees out of selling their Company stock. We simply encouraged them to hold on to assets that ended up losing value! As you well know, nothing’s guaranteed!”

  • @m_rod9562
    @m_rod9562 4 роки тому +3614

    "The stock market is a device for transferring money from the impatient to the patient " - Warren buffet

    • @emsea1658
      @emsea1658 4 роки тому +134

      “Those who understand interest earn it, those who don’t pay it”

    • @guyheavengym
      @guyheavengym 4 роки тому +33

      I mean sure if you invest in a stock. Those gambling on options and futures however...

    • @TheUSWMO
      @TheUSWMO 4 роки тому +1

      @@emsea1658 interesting point.

    • @emsea1658
      @emsea1658 4 роки тому

      USWMO quote by Albert Einstein

    • @ericdahl2915
      @ericdahl2915 4 роки тому +9

      In a bear market, shares return to their rightful owners

  • @MrMiniPancakes
    @MrMiniPancakes 3 роки тому +607

    Imagine making 38k a year and you lose 300k a year

    • @emdub954
      @emdub954 3 роки тому +50

      I too would be bi polar after that loss.😳🤣

    • @a-a-ronbrowser1486
      @a-a-ronbrowser1486 3 роки тому +6

      I can’t lol

    • @Cryptokat
      @Cryptokat 3 роки тому +6

      it happened to me. TWICE. Yep, I'm a sucker!

    • @fernandovazquez7272
      @fernandovazquez7272 3 роки тому +12

      @@Cryptokat you need therapy sir

    • @ericanderson82
      @ericanderson82 3 роки тому +8

      I’d be suicidal after that lol 😂…

  • @madarchermoto4955
    @madarchermoto4955 4 роки тому +999

    Me being negative $1,200 doesn’t seem so bad now

    • @ryw00d
      @ryw00d 4 роки тому +34

      D W 😂 yeah my 200 loss has me thrilled at this point

    • @bigrod359
      @bigrod359 4 роки тому +94

      @@ryw00d if your worried about a $200 loss trading is not for you

    • @Forever.Remain.Nameless
      @Forever.Remain.Nameless 4 роки тому +62

      It's all relative....

    • @cantu7614
      @cantu7614 4 роки тому +66

      @@bigrod359 actually that's a very ignorant statement money dosen't Matter in the end it's the percentage so if his investment was 400 and lost 200 then yeah it would be worried he lost 50%

    • @bigrod359
      @bigrod359 4 роки тому +23

      @@cantu7614 yeah I know maybe it was a poor kid that could have taken months to get 400 my mistake

  • @thatsmyjam8403
    @thatsmyjam8403 4 роки тому +703

    As a child you look up to adults as if they are godlike but once you become one you realize they're just grown-up babies.

    • @makeupviews
      @makeupviews 4 роки тому +5

      Yuppers 🤷🏻‍♀️

    • @Jdb63
      @Jdb63 4 роки тому +20

      I became more mature than most adults at age 17. It's a sad world man

    • @rallyfreakburak
      @rallyfreakburak 4 роки тому +1

      ThatsMyJames well said..

    • @MrCN173
      @MrCN173 3 роки тому

      Exactly

    • @morsteen
      @morsteen 3 роки тому +1

      I am not!

  • @mattpalmq
    @mattpalmq 4 роки тому +3668

    Sounds like her husband is a fan of r/wallstreetbets

    • @nickneff6926
      @nickneff6926 4 роки тому +33

      Jason Bond lolol

    • @dancer1
      @dancer1 4 роки тому +10

      Lol

    • @BruceBurger
      @BruceBurger 4 роки тому +140

      😂😂😂😭😭😭😭🍔 I thought I read about this the other day 😂😂😂 he might have lost money, but he is legend on wsb.

    • @nickneff6926
      @nickneff6926 4 роки тому +16

      @@BruceBurger hahhahaha priceless connection dude

    • @tonyunderwood9438
      @tonyunderwood9438 4 роки тому +35

      mod material for sure

  • @ufchighlights1
    @ufchighlights1 4 роки тому +631

    Imagine putting 300k into stocks that paid monthly dividends.

    • @inerit5175
      @inerit5175 3 роки тому +24

      simple as simple does!

    • @josephbailey4463
      @josephbailey4463 3 роки тому +32

      Figure about $10k of income per year.

    • @gustinapert
      @gustinapert 3 роки тому +15

      What are you going to do with your 10$ yearly income

    • @TrapMint
      @TrapMint 3 роки тому +10

      @@josephbailey4463 youd probably get about 5000 a year.. still a lot.

    • @phantomsedge5686
      @phantomsedge5686 3 роки тому +5

      Dividends make jack shi

  • @adammarkowitz7944
    @adammarkowitz7944 3 роки тому +265

    It's not his fault, he's "buy" polar.

    • @JML1987
      @JML1987 3 роки тому +2

      I see whatcha did there

    • @ALiBi212x
      @ALiBi212x 3 роки тому +7

      He would’ve been better off if he was a “buy-holder”

    • @xxsilentmajicxx
      @xxsilentmajicxx 3 роки тому +1

      lol that what i was thinking.

    • @binhp9572
      @binhp9572 2 роки тому

      💀💀💀

    • @momenwasir2196
      @momenwasir2196 Місяць тому

      😂😂

  • @pfeiffdog0811
    @pfeiffdog0811 4 роки тому +4249

    Your donations to the market were appreciated.

    • @derklaus9210
      @derklaus9210 4 роки тому +82

      Dead. ☠

    • @elizabethgomez3006
      @elizabethgomez3006 4 роки тому +19

      Anthony 😂🤭🤭

    • @MsMaxinejoy
      @MsMaxinejoy 4 роки тому +8

      🤣🤣🤣🤣🤣

    • @havefaith8276
      @havefaith8276 4 роки тому +35

      🤣🤣🤣 u guys are brutal

    • @bkelly821
      @bkelly821 4 роки тому +34

      Honestly that’s not how to market works. If you loose money it’s because you bought and sold at the wrong times. But if I make money in the stock market it’s not because someone else looses money. It’s because I bought low and then sold at a higher price. Has nothing to do with someone and if they gain or loose money.

  • @tomassmith2088
    @tomassmith2088 4 роки тому +2014

    This is a major success story for someone else

    • @Villaintrader12
      @Villaintrader12 4 роки тому +56

      Tomas Smith yes. The bank

    • @tientrinh943
      @tientrinh943 4 роки тому +4

      How?

    • @Mr.Lawton534
      @Mr.Lawton534 4 роки тому +41

      Zero sum game,for a winner someone else has to lose.

    • @vinceslapchopper
      @vinceslapchopper 4 роки тому +8

      yeah, the success story is Tesla.

    • @bighands69
      @bighands69 4 роки тому +6

      @@vinceslapchopper
      Tesla is not an investment by any account.

  • @lilbean4606
    @lilbean4606 3 роки тому +195

    my dad just died *crying*
    dave: whats your household income

    • @rawlvee
      @rawlvee 3 роки тому

      Rip

    • @finalboss7956
      @finalboss7956 3 роки тому +1

      Or hed tell him "Rice n beans for 3years"

    • @KingofMGS
      @KingofMGS 2 роки тому +1

      Sell the car and the casket

  • @blaketheman96
    @blaketheman96 3 роки тому +376

    Update: The wife's boyfriend loaned him some money to buy GME calls to get 500k back

    • @jonboybilly
      @jonboybilly 3 роки тому +7

      Too soon bro, too soon.

    • @ricardocabeza6006
      @ricardocabeza6006 3 роки тому +3

      @@jonboybilly... No it’s not. It’s right on time.

    • @1pwNz0mb13Z
      @1pwNz0mb13Z 3 роки тому

      WSB on these videos too??
      Ur subreddit did this!!!!

    • @ryugurena3327
      @ryugurena3327 3 роки тому +5

      He should have kept going. He might have made it back

    • @HermanWillems
      @HermanWillems 3 роки тому +4

      @@1pwNz0mb13Z DIAMOND HANDS BRO, DIAMOND HANDSSSSS

  • @lenfordmorris1407
    @lenfordmorris1407 4 роки тому +2531

    He's wasn't trading, he was gambling. Please know the difference

    • @TheBibleonly
      @TheBibleonly 4 роки тому +34

      He was investing.

    • @TheUSWMO
      @TheUSWMO 4 роки тому +13

      Preach

    • @iamgionism1453
      @iamgionism1453 4 роки тому +162

      TheBibleonly nope if he was investing he’d still have it, it was gambling

    • @nlvon
      @nlvon 4 роки тому +7

      Facts!

    • @Zenbeau
      @Zenbeau 4 роки тому +3

      ​@@iamgionism1453 you missed the point he was trying to make

  • @oscarsanchez3201
    @oscarsanchez3201 4 роки тому +1763

    He lost 300,000 in 6 months clearly he didn’t know anything about risk management

    • @MSRX92
      @MSRX92 4 роки тому +270

      Worse than that, it was 6 *weeks* he lost the money in.

    • @SignedOff402
      @SignedOff402 4 роки тому +38

      I wonder which side of the family this wealth came from (his or hers).

    • @BradKwfc
      @BradKwfc 4 роки тому +59

      Or position sizing...or technical analysis...or fees.... or trading.

    • @bmoshareholderappleshareho855
      @bmoshareholderappleshareho855 4 роки тому +40

      He should have bought shares in Bank of Montreal (BMO). It's Canada's fourth largest bank and has never failed to pay a dividend in over 191 years. If that's not safe, then I don't know what is.

    • @ryanweston9677
      @ryanweston9677 4 роки тому +14

      It stemmed from ignorance and greed.

  • @maurosgarage
    @maurosgarage 3 роки тому +22

    300,000 dollars is a life changing amount of money for some one who makes 50K a year. I am very sad they gambled it away.

  • @God.Almighty
    @God.Almighty 3 роки тому +66

    - we've lost 300k day trading. how can we make it back?
    - open a brokerage account and day trade.
    seems logical

    • @justfine77777
      @justfine77777 3 роки тому +2

      What could go wrong?

    • @ProverbialGeek
      @ProverbialGeek 2 роки тому

      @@justfine77777 Haven't you heard of "confronting your demons"?

    • @justfine77777
      @justfine77777 2 роки тому

      @@ProverbialGeek I have. I don’t understand how it applies here.

    • @ProverbialGeek
      @ProverbialGeek 2 роки тому +1

      @@justfine77777 Was being sarcastic ;)

  • @iKumala
    @iKumala 4 роки тому +739

    I'd be diagnosed bi- polar AFTER losing that much!

    • @ariefraiser140
      @ariefraiser140 4 роки тому +44

      I'd be divorced if I lost that much.

    • @worldbosspf1
      @worldbosspf1 4 роки тому +16

      You need someone to diagnose that?

    • @abdikalikosman4715
      @abdikalikosman4715 4 роки тому +2

      Lol...

    • @FallicIdol
      @FallicIdol 4 роки тому +1

      No kidding

    • @ineedhoez
      @ineedhoez 4 роки тому +8

      Yeah... he gonna need to come up with some diagnosis in order to get her to stay.

  • @YR2050
    @YR2050 4 роки тому +1595

    They had been shorting Tesla.

    • @jlebrech
      @jlebrech 4 роки тому +61

      haha, short sellers deserve what they get

    • @julianschmidt4905
      @julianschmidt4905 4 роки тому +5

      jlebrech buuuuhhhh

    • @et9120
      @et9120 4 роки тому

      😂😂😂

    • @rocketdogticker
      @rocketdogticker 4 роки тому +37

      Yeah I genuinely think that's the only possible way that you could this 300K in today's stock market

    • @blackworldtraveler3711
      @blackworldtraveler3711 4 роки тому

      Elon Musketeer
      Or trailing stop like I did.

  • @a90kevin
    @a90kevin 3 роки тому +88

    Rule number #1: Don't trade stocks if you have a bipolar disorder

    • @Forbiddenknowhow
      @Forbiddenknowhow 3 роки тому +5

      Diagnosed bipolar after the loss. I think that’s make anyone crazy

    • @wordsrwind22
      @wordsrwind22 3 роки тому +1

      He didn’t know 🙄

  • @guitartricky
    @guitartricky 3 роки тому +82

    Wow. It's impressive how calm his wife is being. I hope this guy realizes how lucky he is and gets help.

    • @sehoujay
      @sehoujay Рік тому +4

      He's not lucky, she's an enabler. Just like an obedient wife pouring a shot of tequila to her alcoholic husband

    • @zoober8158
      @zoober8158 Рік тому

      @@sehoujay right

    • @nealpandya6286
      @nealpandya6286 Рік тому +1

      She is not stressed because his family or her family have a lot of money and take care of them. They are just pretending to be middle class.

    • @The_Jumpman
      @The_Jumpman Рік тому

      @@sehoujay I hope you realize how brain dead you are

    • @sehoujay
      @sehoujay Рік тому

      @@The_Jumpman The only ones who are braindead is this couple who threw 300k down the toilet when they are only on a 30k a year salary.

  • @lacoradancy6329
    @lacoradancy6329 4 роки тому +228

    Wow. They made less than 40k and loss 300k. My heart hurts for them

    • @aguyandhiscomputer
      @aguyandhiscomputer 4 роки тому +5

      @Big Ballah I'd agree since they will be our problem someday when we're paying taxes to pay for their government assistance.

    • @jovitarich7078
      @jovitarich7078 3 роки тому +12

      My heart hurts for the poor people who worked so hard to leave them that inheritance. They did not earn it, others did.

  • @buyerbware25
    @buyerbware25 4 роки тому +635

    They gambled an inheritance. 😑

    • @bighands69
      @bighands69 4 роки тому +14

      His condition was probably the reason for the behavior. It might actually be a good thing that the money was blown in such a fashion.

    • @phaldaz
      @phaldaz 3 роки тому +11

      @@bighands69 could be... but to the tune of $300k is a stinger no matter how you look at it

    • @danbuchner28
      @danbuchner28 3 роки тому +39

      He wasted money he was given. It doesn't get any stupider than that. Then he tries to blame it on a mental disorder, and doesn't admit fault.

    • @leonsterling5918
      @leonsterling5918 3 роки тому +3

      MY GENERATION IS BRILLIANT

    • @pearljameric
      @pearljameric 3 роки тому +8

      Whoever gave them that money.. My God.. So sad

  • @aeronbarreras2923
    @aeronbarreras2923 3 роки тому +47

    Why I like to watch Dave Ramsey show. Is because it reminds me that there’s other people in way worse situation. More debt. loss more 💸. And it reminds me everything will be ok.

  • @UliSwag
    @UliSwag 3 роки тому +19

    That's messed up. That was someone's savings and they gambled it all down the toilet. My soul wouldn't rest easy.

  • @yayyareaa2997
    @yayyareaa2997 4 роки тому +653

    Someone clicked on too many Warrior Trading and Ricky Gutierrez ads 😂

    • @TimCurry04
      @TimCurry04 4 роки тому +50

      Lol... 😂😂😂not fair! Ricky will get you going in the right direction. I'm making over $10k a week trading oil and Natural Gas ETFS solely because of him.

    • @ohyes32000
      @ohyes32000 4 роки тому +65

      @@TimCurry04 ok bud I wish you won't be the next caller on the Dave Ramsey show in the next couple of years. lol

    • @jerrynguyen8083
      @jerrynguyen8083 4 роки тому +27

      And Timothy Sykes ads

    • @yayyareaa2997
      @yayyareaa2997 4 роки тому +2

      lucky menamnam 😂😂

    • @madadder9148
      @madadder9148 4 роки тому +12

      "Jason Bond here . . ."

  • @stephaniesmith3544
    @stephaniesmith3544 4 роки тому +286

    Imagine passing down your hard earned money just to have it all thrown away in 6 weeks.

    • @TrainerAQ
      @TrainerAQ 3 роки тому +10

      That's why I don't believe in passing down money. You can get the money but if you didn't build wealth yourself chances are you won't know how to manage all that money. I plan on using up all my wealth in the end and not giving anything to my kids except enough to pay for the funeral.

    • @costco_pizza
      @costco_pizza 3 роки тому +9

      @@TrainerAQ Absolutely. Ungrateful family members will never understand hard work and the value of the dollar. Make sure to enjoy it while you are here on Earth.

    • @joelwillems4081
      @joelwillems4081 3 роки тому

      Fools < money. I have started an investment account for my little niece that I hope to show her the buy & hold success in her high school years.

    • @genxx2724
      @genxx2724 3 роки тому +2

      @@TrainerAQ Some adult offspring are hardworking, live below their means, and invest for the future. They deserve to inherit and will use the money wisely.

    • @genxx2724
      @genxx2724 3 роки тому

      @@costco_pizza Yes, I agree the spoiled and entitled, or those who do not manage money skillfully, should receive nothing.

  • @all4godify
    @all4godify 4 роки тому +18

    I was just getting ready to do baby step 4 when I got laid off 😔. Im thankful to God for showing me Dave’s plan. The baby steps works.

  • @franciscociceron451
    @franciscociceron451 4 роки тому +28

    I love this show because you get to learn what not to do. Learning from people’s mistakes. Valuable lessons here

  • @ettyobz
    @ettyobz 4 роки тому +229

    its easier to loose money if you dint work for it

    • @mikebetts2046
      @mikebetts2046 4 роки тому +2

      Another way of saying this: That which is easily acquired is lightly esteemed"

    • @linkbelt111
      @linkbelt111 4 роки тому +4

      Gamblers don’t care where it came from, it’s the chance that’s the drug. “I’ll hit the next one, for sure!”....They rarely do!

    • @tylerdingo4063
      @tylerdingo4063 3 роки тому +2

      Why does nobody know loose/lose anymore ffs it ain’t hard

    • @genxx2724
      @genxx2724 3 роки тому

      @@tylerdingo4063 and didn’t

  • @bjkarana
    @bjkarana 4 роки тому +1009

    So the deceased relative likely spent decades diligently setting aside surplus dollars from their labor, building up $300k in that IRA, only to be blown by the husband thinking he could rent stocks and make a profit from it. They didn't just lose $300k, they lost the future dollars, likely 1-2 million, that would have been generated in that tax shelter had they *invested* that money for the next few decades in a low cost mutual fund. And at their income levels, they really, really, blew it here.

    • @ineedhoez
      @ineedhoez 4 роки тому +8

      Whoa

    • @TLM860
      @TLM860 4 роки тому +26

      Wow! Way to deliver that dose of bad news!

    • @valev5705
      @valev5705 4 роки тому +31

      I would just had buy single stocks with 300k; apple, Microsoft, tesla, amazon and keep it forever 😁

    • @valev5705
      @valev5705 4 роки тому

      dan cussin thank you i will check on intel

    • @mac1bc
      @mac1bc 4 роки тому +29

      Sounds like both the wife and husband don't think it's a big deal.

  • @jesso6670
    @jesso6670 3 роки тому +19

    Inherited money just lost 😭😭😭😭in seconds. That's the saddest story to hear.

  • @chadj.w.anderson5473
    @chadj.w.anderson5473 4 роки тому +7

    I am thankful to people like her that are brave enough to share their experience. Thank you Liz. God bless you and your husband.

  • @colorob8887
    @colorob8887 4 роки тому +859

    This woman really loves her husband.

    • @greenearthblueskies8556
      @greenearthblueskies8556 4 роки тому +93

      She’s part of the problem....an enabler.

    • @nephetula
      @nephetula 4 роки тому +63

      She has to love and depend on him; she has no job.

    • @erikrohr4396
      @erikrohr4396 4 роки тому +23

      Loves him, as she should.

    • @bighands69
      @bighands69 4 роки тому +7

      Him losing that money might actually be a good thing for them.

    • @bighands69
      @bighands69 4 роки тому +20

      @@greenearthblueskies8556
      He is bipolar and the family did not realize what had happened. Him losing that money might actually be a good thing for them.

  • @Indianahillclimber
    @Indianahillclimber 4 роки тому +95

    One thing he has and its worth far more than 300k is a supportive and forgiving wife. Despite his loses and short comings he is a lucky nan.

  • @I-Am-No-One
    @I-Am-No-One 3 роки тому +58

    78% of day traders lose money. That is because anyone can open an account, but only few actually educate themselves before they actually begin trading. Its a career not a get rich quick. Thats why trading firms exist and are successful.

    • @mr.wonderful4737
      @mr.wonderful4737 3 роки тому +4

      95% lose money

    • @ambulantgaming8483
      @ambulantgaming8483 3 роки тому +3

      @@mr.wonderful4737 95% of what? People who wander anywhere near a free brokerage account?

    • @jaqu1se86
      @jaqu1se86 3 роки тому +2

      Facts. Clearly this guy did not put a stop loss and sell off. Had no system. He was straight gambling. Biggest enemy in trading is greed and fear.

    • @mugiwara9507
      @mugiwara9507 Рік тому

      @@mr.wonderful4737 I’ll say 90% is
      More accurate

  • @covercalls88
    @covercalls88 3 роки тому +27

    20 years ago I did some day trading, and for all my efforts broke about even. When I look back, it was not worth the risk and stress. One reason why they lost 300k was because they did not put in any work and stress in earning it. To them they treated it like play money.

    • @johncoll4456
      @johncoll4456 2 роки тому +3

      Great reply!

    • @TVyVan
      @TVyVan 2 роки тому

      Did you stop day trading? I started day trading during the pandemic and realized that it was easier to lose money that way than with swing trading or the options wheel strategy.

  • @deepthinking8633
    @deepthinking8633 4 роки тому +370

    I was thinking the same thing. Emotionally unstable people shouldn’t be trading. That’s rule one.

    • @aakksshhaayy
      @aakksshhaayy 4 роки тому +19

      I thought rule one was don't trade stocks while you're high

    • @mac1bc
      @mac1bc 4 роки тому +1

      That's why I don't do it. I'd be way too emotional over that loss.

    • @kiwizlucks4947
      @kiwizlucks4947 4 роки тому +1

      tlessmo you explaining what you just did literally told me you know absolutely nothing about trading and are an idiot, “I bought big dips in companies and I had no idea what I was doing” that’s exactly how you don’t trade

    • @bighands69
      @bighands69 4 роки тому

      @NonyaBusiness!
      He has a condition that meant he had no control of what was occurring.

    • @timothyhenderson268
      @timothyhenderson268 3 роки тому

      Do you think he knew, or the wife? I'm sure that it would not have happened if he had a prior diagnosis and was treated.

  • @deepthinking8633
    @deepthinking8633 4 роки тому +385

    Risk management skills: F

    • @ETM4Real
      @ETM4Real 4 роки тому +9

      Deep Thinking Good enough for Robinhood

    • @brandonrides8953
      @brandonrides8953 4 роки тому

      No 2ndLTs in this call

    • @rochester3
      @rochester3 4 роки тому +6

      enough risk management couldn't save him in his mental state

    • @gnman
      @gnman 4 роки тому

      trading 101 lol

    • @jonnyfranco7
      @jonnyfranco7 4 роки тому

      rochester3 mental state is part of risk management.

  • @dannyhantx
    @dannyhantx 3 роки тому +273

    Should have just bet red for 300k at the casino.

  • @alexsanoff585
    @alexsanoff585 3 роки тому +5

    I love how raw and unfiltered Dave is with these ridiculous call ins

  • @jeffreybasulto3717
    @jeffreybasulto3717 4 роки тому +386

    Dave “better than I deserve” Ramsey

    • @Mag1c4lyfe
      @Mag1c4lyfe 4 роки тому +31

      Dave "sure, what's up?" Ramsey

    • @imz4
      @imz4 4 роки тому +32

      Dave “What’s your household income?” Ramsey

    • @TheAlberto123abc
      @TheAlberto123abc 4 роки тому +22

      Dave "Rice and beans, beans and rice" Ramsey

    • @edgaruriarte
      @edgaruriarte 4 роки тому +16

      Dave "you shouldn't be inside a restaurant unless you're working there!" Ramsey

    • @p.shermanfortytwowallabyla9488
      @p.shermanfortytwowallabyla9488 4 роки тому +14

      Dave "youre spending like youre in Congress" Ramsey
      Ps. I loooove this thread lol

  • @michaelweyenberg6238
    @michaelweyenberg6238 4 роки тому +261

    He didn't earn that money so it was easy to blow. Easy come easy go.

    • @hectormoreno9793
      @hectormoreno9793 3 роки тому +5

      Will you let me go? Bismillah!

    • @karidhacker3196
      @karidhacker3196 3 роки тому +4

      @@hectormoreno9793 no, we will not let you go! No! No! No! no! No! No! Mama mia, mama mia!

    • @jeffc1347
      @jeffc1347 3 роки тому +8

      Imagine being that person who saved up for years to give him that money.

    • @Colin-kh6kp
      @Colin-kh6kp 3 роки тому

      Bars

    • @genxx2724
      @genxx2724 3 роки тому

      @WorldFlex This is a CPA question.

  • @graham9334
    @graham9334 4 роки тому +8

    Husband not a day trader; a huge gambler maybe.
    Losing 300k in 6 weeks is insanity.
    No risk management whatsoever

  • @jakeweston8616
    @jakeweston8616 2 роки тому +24

    78% of traders lose money? I thought it was more like 95%? So you're saying I've got a chance!

  • @whatupdoe3623
    @whatupdoe3623 4 роки тому +204

    My ex’s grandparents spent 25,000 on a day trading course. Imagine losing 25k before you even start trading

    • @emckethern
      @emckethern 2 роки тому +3

      🤣🤣🤣🤣

    • @Abel1120
      @Abel1120 2 роки тому +2

      😂😂😂😂😂🍻

    • @Duke_of_Prunes
      @Duke_of_Prunes 2 роки тому +3

      I can imagine taking that $50K and putting it into JNJ, Microsoft, Chevron, or one of the other stocks that have allowed me to retire.

    • @hugavet3049
      @hugavet3049 2 роки тому +3

      Yes. Better to lose 25k than 130k. Dear God, I lost 130k day trading.

    • @Sam-dc9bg
      @Sam-dc9bg 2 роки тому

      Dam, they probably were told that the course would teach them to how make $200-300k per year.

  • @robertnicosia5736
    @robertnicosia5736 4 роки тому +119

    I heard a saying once, first generation makes it, the second builds it and the third one goes through it.

  • @natcoco44
    @natcoco44 4 роки тому +38

    All things considered, this woman is really incredible for keeping herself and her family together. I can't imagine having my spouse go through a manic episode and spending this much and just not being himself. Most families split because of these situations, but this woman is so impressive for doing what she can to keep her family and standing to her words of "for better or worse, for richer or poorer"

    • @Wall2000x
      @Wall2000x 3 роки тому +5

      Where else does she have to go??? Notice she said she just had a baby.

    • @SoldSoul4VB
      @SoldSoul4VB 2 роки тому +4

      But he was doing well, sounds like he just had an unlucky break. If you ask me, find a way to mortgage the house and get him back in the game.

    • @anthonydavis3424
      @anthonydavis3424 Рік тому

      She’s lying

    • @crd9551
      @crd9551 Рік тому

      @@Wall2000x She could take the baby, leave the debt and take whatever money he has left and find another dude to support her. But she sounds like she actually loves him. Its nice to see that strength in marriages.

  • @relaxcentral3219
    @relaxcentral3219 3 роки тому +46

    Imagine if these were your kids and you gave them that Roth IRA, just for them to buy Tesla puts

    • @mrc2176
      @mrc2176 3 роки тому +1

      same week expiration too.

    • @andypehrson9316
      @andypehrson9316 2 роки тому

      Tesla calls would've been a whole different story

  • @SoCalFreelance
    @SoCalFreelance 4 роки тому +117

    First rule of the casino - show the suckers some easy profits so they can lose to a factor of 10 later on.

    • @spookyshark29
      @spookyshark29 3 місяці тому

      First rule of trading: "Stop Loss"

  • @ianmowbray3284
    @ianmowbray3284 4 роки тому +569

    Day trading is like when you talk to a gambler, they Only talk about there wins. and not the 80% times they lose.

    • @VADORT
      @VADORT 4 роки тому +34

      DAY TRADER IS A GAMBLER

    • @Ryan_DeWitt
      @Ryan_DeWitt 4 роки тому +31

      Exactly! This is no bi-polar BS. That is a full blown gambling addiction.

    • @edb484
      @edb484 4 роки тому +10

      I would never trade stocks, too risky. But trading options are futures is better if one wants to trade. Buying and selling contracts required a lot less money and more gains

    • @Answers721
      @Answers721 4 роки тому +87

      Day trading is very profitable if people know what they are doing. Obviously if someone has no idea what they are doing there is a good chance of them losing money. Never day trade without doing a lot of research in different analytical models of trades. For example, if you want to day trade cryptocurrencies, never use an exchange that does not give out technical indicators, otherwise it's just randomly gambling without a winning strategy.

    • @flash12319
      @flash12319 4 роки тому +81

      I day trade....I'm profitable 🤷🏽‍♂️its just takes a while to get good at it. definitely not gambling

  • @TheDogondone
    @TheDogondone 3 роки тому +7

    Yeh, that's called a gambling problem. Not investing.

  • @noveedhussain811
    @noveedhussain811 3 роки тому

    Wonderful advice, felt so sorry for the family. God bless

  • @Defy_Convention
    @Defy_Convention 4 роки тому +39

    You gotta know when to hold'em, know when to fold'em, know when to walk away, know when to run.

    • @elmateo77
      @elmateo77 4 роки тому +2

      Ughh, now I have to go look up that song or it'll be stuck in my head all day. Thanks a lot...

    • @xaexeer7429
      @xaexeer7429 4 роки тому +1

      This was the time to run😁

  • @Bfolks84
    @Bfolks84 4 роки тому +82

    $300k lost!!! 😱 wow. Life changing money gone with the snap of a finger.

  • @kazuthegreat
    @kazuthegreat 4 роки тому +1

    The market thanks you for your service!

  • @HangNguyen-ih8rf
    @HangNguyen-ih8rf 3 роки тому +7

    I’m so in love with Dave’s grandpaish nagging voice ...I hope he live a long and healthy life so I could hear him as long as I could ❤️

  • @butteredbread1756
    @butteredbread1756 4 роки тому +33

    She sounds very chill about it. Must have been the husband’s inheritance

  • @chartuck
    @chartuck 4 роки тому +253

    I got ran over by a car, fired from my job, and now I'm homeless
    Everyone but Dave: I'm so sorry, let me know if there's anything I can do to help
    Dave: What's your household income?

    • @bullonwallst
      @bullonwallst 4 роки тому

      True

    • @dacokc
      @dacokc 4 роки тому +14

      Easier to take a $300k loss if you make $300k/year vs $30k per year..

    • @silverltc2729
      @silverltc2729 4 роки тому +5

      You should deliver pizza.

    • @bullonwallst
      @bullonwallst 4 роки тому

      @@silverltc2729 Who should deliver pizza?

    • @silverltc2729
      @silverltc2729 4 роки тому +2

      @@bullonwallst according to Dave...everyone

  • @ErickaWilliamsCC
    @ErickaWilliamsCC 3 роки тому +10

    she is freaking in shock. she is like I LOVE HIM.. he is a genius that just is bipolar... omg. god bless her.

    • @nczioox1116
      @nczioox1116 3 роки тому +1

      Well either she admits she married poorly or blames it on something else

  • @zeblackboi
    @zeblackboi 3 роки тому +13

    He snapped that 300k out of existence faster than Thanos could with the Avengers.

  • @Ryan_DeWitt
    @Ryan_DeWitt 4 роки тому +73

    38k income, 300k loss! WOW! I've known a few people with bi-polar disorder. That is not an excuse to lose 300k when you make under 40k. There are other things going on or other mental conditions more serious than bi-polar disorder. Sounds much more like a serious gambling-type addiction.

    • @dodgeplow
      @dodgeplow 4 роки тому +3

      Unless there is a preceding pattern of gambling it does not sound like a gambling addiction. He had this inheritance for however long before, and then it was blown in only 6 weeks. This could easily be a first manic episode.

    • @braceyourselvesfortruth2492
      @braceyourselvesfortruth2492 4 роки тому +11

      @@dodgeplow I can tell you what happened. They had a meager salary before this happened and thought they could get rich quick by yanking an inherited IRA (never mind the taxes) and spilling it all over stocks. Sad thing is they could've done pretty well with their inheritance if they had managed it better.

    • @dodgeplow
      @dodgeplow 4 роки тому +1

      @@braceyourselvesfortruth2492 Maybe. We don't know.

    • @elmateo77
      @elmateo77 4 роки тому +2

      Bipolar disorder is a very serious disease, and has destroyed many people's lives.

    • @TheMacadias
      @TheMacadias 4 роки тому

      @@braceyourselvesfortruth2492 Now they need to RECTIFY this

  • @Joe-jc5ol
    @Joe-jc5ol 4 роки тому +402

    Further evidence that if you give poor people money they return to being poor quickly, it is a state of mind.

    • @ineedhoez
      @ineedhoez 4 роки тому +47

      Na... that aint poor people. That is is stupid people.

    • @ineedhoez
      @ineedhoez 4 роки тому +37

      Poor folks might blow it all. But they will at least have some nice cars and clothes. Good god.

    • @Joe-jc5ol
      @Joe-jc5ol 4 роки тому +20

      It takes as much work and skill to preserve money as it takes to make it. If it is handed over and you didn't have the skills to make it, you probably won't know how to keep it either... I have seen this happen over and over. I have friends who got lucky with some deals early on and made some decent sums, that they quickly dissipated and returned to being poor...

    • @ThatsPety
      @ThatsPety 4 роки тому +2

      This is stupid. It's not because they were poor directly, it was because of a lack of education/stupidity. You can be as smart as you want, have the best "state of mind" you want, when you're poor you're still crushed by the system

    • @Joe-jc5ol
      @Joe-jc5ol 4 роки тому +13

      @@ThatsPety I'm originally from a poor dictatorship country in the middle east, don't talk to me about crushed by the system. In the US and any developed country you crush yourself.

  • @NakedlyNutricious
    @NakedlyNutricious 3 роки тому +1

    “Better than I deserve.” I had to pause the video after you said that. That response just holds so much value to me. I’ve never seen a single one of your videos so I’m unsure if it’s a regular quote of yours but I have to say that I’m 0:16 into this video and you’ve already made an impact on my life.

    • @ham1594
      @ham1594 3 роки тому

      Same

    • @joseheredia9275
      @joseheredia9275 Рік тому

      He says that because he is a Christian. The Christian faith teaches that the good that comes to a christian's life is the result of God's grace in their lives, not their own doing. As fallen creatures who sin every day, we deserve judgement rather than good, but God chooses to give grace because is it's nature to do so and grace implies getting a good you don't deserve.

  • @gabrielvazquez4660
    @gabrielvazquez4660 3 роки тому

    Nice advice, Dave.

  • @ThePatriots010304
    @ThePatriots010304 4 роки тому +228

    This is why giving poor/broke people money doesn’t make any difference. Your financial situation is due to behavior not circumstance.

    • @MelancholyCrypto
      @MelancholyCrypto 4 роки тому +21

      @EvilShake101 Chill with the racism, thanks.

    • @GrandLineCharlie
      @GrandLineCharlie 4 роки тому +8

      EvilShake101 you’re obviously obsessed with us! Thanks, but no thanks. 😊🤭

    • @1yasin6
      @1yasin6 4 роки тому +5

      Yeah because having easier access to education, healthcare and low cost of living is more beneficial.

    • @user-rw6xo9jc3n
      @user-rw6xo9jc3n 4 роки тому

      YO I LOVE THIS COMMENT SO MUCH very true

    • @MOBMJ
      @MOBMJ 4 роки тому +2

      its about how you think of an value money. learn the game of money

  • @Dre88116
    @Dre88116 4 роки тому +118

    Never tade with leverage if you ain’t sure what your doing

    • @TheNortheastAl
      @TheNortheastAl 4 роки тому +24

      DRE DAY Even if you know what you’re doing, you can get wiped out quick. Don’t ask me how I know.

    • @nickneff6926
      @nickneff6926 4 роки тому +1

      EXACTLY! nail on head, well put..

    • @hektik8007
      @hektik8007 4 роки тому +5

      TheNortheastAl wiped out quick if you don’t have a SL or risk 100% per trade

    • @samhernandez2257
      @samhernandez2257 4 роки тому +7

      Don’t trade with leverage period! You’re better off with safe long term investments

    • @TheNortheastAl
      @TheNortheastAl 4 роки тому +1

      JAYER _OZ Had a broker who was not keen on SL orders. Live and learn.

  • @tejano2828
    @tejano2828 3 роки тому +11

    If they would of put 300k into 3 EFTS they would be rich right now...what a disaster.

    • @ralphiel5166
      @ralphiel5166 3 роки тому +1

      You can get rich off Electronic fund transfers?

  • @matthewwilliams9200
    @matthewwilliams9200 4 роки тому +7

    6 weeks 300k that's worse then most vagas odds. this shows having money thrown at bad situation only makes things worse

  • @markg999
    @markg999 4 роки тому +207

    The thing with daytrading If you cant make $1k go up in value you cant make $300k go up in value. Start very small should only be using a small percentage of capital...the people swing for the fences usually alway end up losing it all.

    • @nickneff6926
      @nickneff6926 4 роки тому +4

      agreed

    • @dancer1
      @dancer1 4 роки тому +4

      True

    • @tossmonkey1
      @tossmonkey1 4 роки тому +3

      Summed up perfectly sir!

    • @PunkNDisorderlyGamer
      @PunkNDisorderlyGamer 4 роки тому +13

      The problem with that mentality is you can’t scale up your mentality or risk tolerance from 1k to 300k which severely effects your decisions. Day trading 1k may give someone a false sense of security once they see let’s say a $200-300 gain. Plus you can’t really day trade with anything less than 25k or you will hit the pattern day trading limit really quick.
      Like Dave said day trading is a losing game like the roulette table especially if you’re paying commissions.

    • @markg999
      @markg999 4 роки тому +2

      @@PunkNDisorderlyGamer That is true is much easier trading on less than more money. You can do well in day trading with alot of class time and if you risk the proper capital. Its also tough mentally most are equipped for it. I'd say like 80% fail over a long period of time.

  • @ericstevenson3738
    @ericstevenson3738 4 роки тому +56

    1:28 Never seen Dave stumped like that.

  • @bryan_witha_whyy
    @bryan_witha_whyy 4 роки тому +63

    "A brokerage account is an account that you have with a broker where you CALL the broker and you do trades." Welcome to 2020, Dave.

  • @schawnettarobinson8584
    @schawnettarobinson8584 3 роки тому +2

    She is sweet and understanding.

  • @KrystalToddCPA
    @KrystalToddCPA 4 роки тому +37

    Whew.. That is why it is important to have a better understanding of what you are investing in and don't gamble for a living. Buy investments that cashflow and don't chase high gains. Even if she got a brokerage account she would have to sell to realize a gain to offset it with the losses.

    • @blackworldtraveler3711
      @blackworldtraveler3711 4 роки тому +4

      The Cash Compass
      What I invest in is mostly from my understanding of people.and the financially stupid things they do and their consumer addictions,instant gratification,etc.
      When I saw people buying pet rocks at the mall as a child I knew people would pay over $4 for a cup of coffee and buy bottle water among other things like too big of home,too many kids,big gas guzzler cars, etc..
      There was a time when a cup of Starbucks coffee cost more than one share of the stock.

    • @sblijheid
      @sblijheid 4 роки тому +1

      Nothing wrong with high gains. You just have to understand the instruments and have proper risk management in place. You sound like you're regurgatating something you heard on a youtube video.

  • @stephensantiago603
    @stephensantiago603 4 роки тому +376

    Her: He was diagnosed with Bi Polar. Dave Ramsey: What is your household income?

    • @aeromedical6750
      @aeromedical6750 4 роки тому +66

      Dave: Sell the Xanax.

    • @DrugTalk
      @DrugTalk 4 роки тому +2

      Loll

    • @MS-on9bv
      @MS-on9bv 4 роки тому +1

      I mean.. what did you want him to say? He was trying to help her dude.

    • @SoullessPolack
      @SoullessPolack 4 роки тому +5

      @@aeromedical6750 Xanax is used for anxiety and panic disorder, not bipolar disorder. Lol. How you gonna make a joke when you don't even know what you're joking bout?!

    • @scootertooter6874
      @scootertooter6874 4 роки тому

      @@aeromedical6750 "And start eating rice and beans..."

  • @pilotjoe4010
    @pilotjoe4010 2 роки тому +4

    My man YOLO’d it all on SPY puts. WSB legend to the max.

  • @dpactootle2522
    @dpactootle2522 4 роки тому +6

    The money did not get lost. It just got transfer to somebody else's hands who is smarter and will put the money to better use. Indeed, he supplied liquidity to the market.

  • @theburnetts
    @theburnetts 4 роки тому +54

    Don't know if I have ever heard Dave exclaim "Jesus!" on a phone call before.

    • @buyerbware25
      @buyerbware25 4 роки тому +9

      Nope. This caller had a new problem for him.

    • @EdBball99
      @EdBball99 4 роки тому +7

      Had the same thought. Haha.

    • @SaeleeSaan
      @SaeleeSaan 4 роки тому

      Head scratcher for good ole Dave.

  • @justinitdoesntmatter7515
    @justinitdoesntmatter7515 4 роки тому +22

    First month ever investing I day traded and made $1,400 off one trade. After that almost lost all of it. Now I do swing/long term trades and am up 40% for the year. I do not recommend day trading, very stressful

    • @whatupdoe3623
      @whatupdoe3623 4 роки тому +2

      That’s why I quit it, the amount of stress that comes with it is not worth it. I’ve started diversified swing trading and I like it a lot more.

    • @justinitdoesntmatter7515
      @justinitdoesntmatter7515 4 роки тому +2

      Whatup Doe day trading was the most stressful thing I have ever done, it’s it’s almost all lucky, with penny stocks anyway. I look for companies with strong 5 yr charts now, a lot less risk and still good returns.

    • @sadhgurucool2258
      @sadhgurucool2258 Рік тому

      Day trading is very stressful , whats the point of earning a lot of money if you stay stressed

    • @esteban5361
      @esteban5361 6 місяців тому

      Bad mindset already no wonder your b*ching about it and losing… While you lose i’ll happily take your money…

  • @skiptracer4313
    @skiptracer4313 Рік тому +2

    I lost $1000 in day trading. No more of that, now I just invest in real estate. I don't have time to give money away.

  • @Johnsormani
    @Johnsormani 8 місяців тому

    Honest advice!

  • @SteveRam
    @SteveRam 4 роки тому +14

    Ouch! Pulled out IRA and then lost it all. Agree with Dave, you’re going to have to cut losses, make sure you learn from this and start from scratch.

    • @gnman
      @gnman 4 роки тому +1

      easy come, easy go .... unfortunately.

    • @unclebob6728
      @unclebob6728 4 роки тому

      I hope they did not take it out of the IRA before losing it. That would result in $314,00 in income from the IRA redemption. Only $3,000 of STCL are deductible. Nice big tax bill coming up! Ouch!

  • @RedCandles_
    @RedCandles_ 4 роки тому +34

    The only people that make money trading are the ones that treat it like a career/business and devote years to developing an edge. Most people lose because they are reckless gamblers.

    • @Steph1
      @Steph1 2 місяці тому

      Even those people don’t live off the gains, they live off the management fees

  • @Trading4aliving
    @Trading4aliving 2 роки тому +4

    At the end, I just hope she makes it through all of this with no more harm than she is in already…. We all have lessons in different ways… she got nothing from this call but I did get a lot…

  • @fiscallylogicalsocialhuman
    @fiscallylogicalsocialhuman 3 роки тому +5

    Thankfully it only took me losing about $4000 to learn that managing risk is more important than being greedy.

  • @Mack-bc9mh
    @Mack-bc9mh 4 роки тому +14

    I would be sick to my stomach losing that much money. 😷

  • @bradvincet1848
    @bradvincet1848 4 роки тому +63

    I don't know how people could ever heal from such a costly and avoidable mistake.

    • @junkequation
      @junkequation 4 роки тому +16

      Hard to imagine the wife respecting her husband after this. That is thousands of hours of someone's labor destroyed.

    • @zevlove612
      @zevlove612 4 роки тому +5

      Its only money u can bounce back...chastened of course

    • @mac1bc
      @mac1bc 4 роки тому +5

      I don't think either of them are responsible with money. She probably doesn't see it as a big deal either.

    • @dirtstyles
      @dirtstyles 4 роки тому

      @@junkequation She seems oblivious lol still laughing about it

    • @vince188
      @vince188 3 роки тому

      I
      Got swindled out of $180k of taxed money. Still dealing with massive bouts of depression and anxiety. Changed my whole perspective on life

  • @PoliticalWonderland
    @PoliticalWonderland 4 роки тому +3

    I’m bipolar & a single mom... life is hard af but thank God for health insurance that pays for my meds & therapy!

  • @edwardlopez9061
    @edwardlopez9061 4 роки тому

    After years of giving back to the community and educating the world on financial education, Dave still doesn't feel like he deserves to be good. Every video he responds with "better than I deserve", why Dave? You deserve so much more.

    • @JTthestreetking
      @JTthestreetking Рік тому

      I believe the answer to this is in the fact that as Christians we know we deserve death for our sins but praise be to God thru Jesus we have been cleansed and counted as righteous in the eyes God. The LORD is gracious and merciful!!! God bless you Edward!!

  • @arneldobumatay3702
    @arneldobumatay3702 4 роки тому +11

    First time I seen Dave actually stopped and had too think about this.

  • @yiliu5909
    @yiliu5909 4 роки тому +102

    I thought she is going to say 300k household income,lol. They don’t have income nor knowledge to play with money.

    • @13ikea
      @13ikea 4 роки тому +2

      Yi Liu at all!

    • @ryankiel4895
      @ryankiel4895 4 роки тому +3

      If I lost 300 grand, I don't think that I would be able to sleep for about a year due to kicking myself.

  • @mellel5594
    @mellel5594 2 роки тому +5

    I'm sorry the $300K inherited money was lost. And I am sorry that the husband was diagnosed AFTER the money loss. There is no room for emotions in stock trading.

    • @nylixneylix8785
      @nylixneylix8785 Рік тому

      I agree, there's no place for emotions in trading.

  • @Sithembile499
    @Sithembile499 3 роки тому +1

    Professional guidance brings about remunerative results. Great job Payden, you exceeded my expectations. Thank you.

    • @Roymysterio
      @Roymysterio 3 роки тому

      It’s no secret that when it comes to trading profitably, Payden is indeed the right man for the job.

    • @Ferocious923
      @Ferocious923 3 роки тому

      How can I achieve a good ROI and also build my portfolio? Please I’m interested.

    • @Sithembile499
      @Sithembile499 3 роки тому

      Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.

  • @ThinkMoneyBenny
    @ThinkMoneyBenny 4 роки тому +277

    “Don’t ever say again that he was doing well” Lol
    Day trading is so risky, I love dividend growth investing for the long term.

    • @Gregoman89
      @Gregoman89 4 роки тому +13

      I’m with you. I love dividends!

    • @billyjohnson9166
      @billyjohnson9166 4 роки тому +6

      i love dividend paying stocks

    • @shortii12341
      @shortii12341 4 роки тому +7

      Dividends are amazing!! Love them! I just let mine sit and grow! Of course I keep an eye on them but most of the time they just sit!

    • @edb484
      @edb484 4 роки тому +8

      Another way and requires Capital than stocks is options or futures. It’s less capital and more to gain. Got to know what your doing though.

    • @tsmith3887
      @tsmith3887 4 роки тому +5

      Dividends are so fun!

  • @kittybitmeagain
    @kittybitmeagain 4 роки тому +7

    Before Dave said it I knew it was going to be inherited money. People with no Financial education or discipline can never build that wealth. It's a shame somebody left that much to them without training.

  • @hheythered
    @hheythered 4 роки тому +1

    Hard not to gamble as a newbie. REALLY takes tons of discipline and learning.

  • @h2oGiovanni
    @h2oGiovanni 2 роки тому

    Thanks for the donations.

  • @devoywilliams3956
    @devoywilliams3956 4 роки тому +70

    he would have had better luck with a down payment on a multifamily home.

    • @gooneegoogoo123
      @gooneegoogoo123 4 роки тому +5

      That would've been his best bet.

    • @TheNortheastAl
      @TheNortheastAl 4 роки тому

      Devoy Williams I think he was trying to avoid the income taxes that would have probably come if he didn’t invest the IRA. I don’t think a multi family home qualifies as stock investment.

    • @devoywilliams3956
      @devoywilliams3956 4 роки тому +3

      @@TheNortheastAl Can't really avoid tax you can only postpone it.

    • @TheNortheastAl
      @TheNortheastAl 4 роки тому +1

      Devoy Williams Very true.

    • @gnman
      @gnman 4 роки тому +2

      lol he's still gonna be trading those mortgage payments lol

  • @Spahi77
    @Spahi77 4 роки тому +65

    Bi polar? No....bad investor, yes

  • @JH-rm3qf
    @JH-rm3qf 4 роки тому +1

    Dave, mutual funds are required to pass their capital gains each year onto their investors. Declared cap gains will always be taxed when you own mutual funds in your portfolio. You don't need to buy and sell stocks/etfs to declare investing income.